The typical asking rate per listing is in the $30's per square foot per year. The Elliston Place submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Nashville market, the Elliston Place region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Elliston Place are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,180 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1985 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the folk of Elliston Place work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.